Wheeling off.Wheeling OH: Superior Industries International Inc. said it is restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). its Van Nuys manufacturing facility and will lay off more than half of its 635 manufacturing employees. The Van Nuys-based supplier of aluminum wheels to automakers will downsize Downsize Reducing the size of a company by eliminating workers and/or divisions within the company. Notes: When a company downsizes, it is attempting to find ways to improve efficiency and increase profitability. It is sometimes referred to as trimming the fat. its staff by about 375 workers, Superior said in a statement. The Van Nuys facility will then concentrate on specialty A contract under seal. A specialty is a written document that has been sealed and delivered and is given as security for the payment of a specifically indicated debt. operations, Superior said, with the hope that it would be profitable at lower volumes. Superior's corporate offices and 125 corporate staff, which also are located at this facility, will not be affected by the downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing . |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion